The Dow Jones - Ichimoku Study - Week: 09 July to 13 July, 2012 - Bull Stoic

                                .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

Quick Reference : 

Chikou Span - pink line,

Kijun Sen - blue line, 

Senkou Span A - black line, 

Senkou Span B - grey line, 

Kumo - grey shaded area,

Tenkan Sen - red line.

Useful resources (free) from the Web:

http://www.freestockcharts.com/

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:

Kumo Breakout: Bullish Signal (B)

The Flat Kumo: Bearish Signal (Ko)

The Kijun sen cross: Weak  Bearish  Signal (K)

The Kijun sen cross:  Strong Bullish Signal (K)

Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)

                DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   

DJI 30 - End of Week Chart - 13 July, 2012 

Learning from the Past Week: (Click)

We suggested in our study last week that despite the last Bearish Signal the Bulls were in a good place.

Taking support at the MVWAP 34 and Kijun Sen as studied by us last week - and also the Tenkan Sen - the index ended the week with a green stoic Doji.

Looking Forward into the next Week:

The index is showing Bulls power even after a Bearish 'T' Cross

Unless the Bulls take it below the Tenkan Sen - they would see a green 'T' Cross soon.